If you like your plumber you can keep your plumber
Opinion – An ‘Obamacare’ for homeowners insurance could protect against climate change
In the wake of the devastation caused by Hurricanes Milton and Helene, it has become painfully clear that the financial security of millions of Americans is under threat, not just from extreme weather, but from the crumbling homeowners insurance system.
These storms are the latest in a series of climate-driven disasters that have stretched insurance markets to the breaking point. As wildfires sweep through the West, hurricanes batter the Gulf and floods inundate inland areas, homeowners insurance markets are facing unprecedented disruption — and it’s only getting worse.
None of these are due to anthropogenic climate change. Weather happens, things change over time
This isn’t a crisis that will fix itself. If the U.S. doesn’t take bold steps to overhaul homeowners insurance markets, we risk a catastrophic fallout — one that could crash real estate markets, destabilize local economies and derail efforts to build resilience to climate change.
What’s happening in homeowners insurance markets today echoes the dysfunction we saw in health insurance markets before the passage of the Affordable Care Act, commonly known as Obamacare. Before Obamacare, millions of Americans faced rising costs, coverage denials for preexisting conditions and confusing, inadequate health plans. The law tackled these issues head-on with a cooperative federalism approach, leveraging both state and federal expertise to create affordable, accessible health coverage.
What could possibly go wrong with the federal government essentially taking over the home insurance market
Obamacare is everything they said it was not: higher premium cost, less coverage, higher out-of-pocket cost. https://t.co/cd8cBg9jqB pic.twitter.com/KJtMxKF02t
— VIOLET (@zappviolet) December 15, 2024
Of course, just like with Obamacare, the idea IS to put the government in charge.
“Obamacare is everything they said it was not: higher premium cost, less coverage, higher out-of-pocket cost.”
Which was everything conservatives warned it was… We have to pass it to see what’s in it.
This proposal is just another power grab.
Trump, Musk, the House, the Senate and The Supremes can kill Obamacare! They have the votes. Eazy-peazy.
Add that to the long list of important things to eliminate!! Don’t bitch about it, just do it!
Kill Obamacare Now!
Self pardon
Pardon Jan 6 Capitol stormers
Buy Greenland
Take back the Panama Canal
End the Russian Invasion
Cut taxes on the rich
Deport 30 million migrants
Drill, Baby, Drill!
End Inflation Day One
Lock up Schiff, Schumer, Hillary, Hunter, Jack Smith, Cheney, Judge Merchan, Fani Willis + 100 more
Pardon Matt Gaetz
Oust Mike Johnson
End Abortion Now!
Ten Commandments in ALL Federal properties
No one is “bitching” about anything except you. We are just pointing the things out you radicals refuse to see and when you do you automatically default to your denial mantra. Lie, lie, lie then deny, deny, deny. That seems to be you new paradigm in politics. You have made it impossible for a normal person to trust the media, government, medicine, insurance, law and even the military. Satisfied?
FJB typed: No one is “bitching” about anything except you.
LOL. Oh, you’re serious?
Grievance is the capstone of MAGAtism!
And then you bitch you can’t ‘trust the media, government, medicine, insurance, law and even the military’.
King Donnie’s crowning achievement is instilling in his minions the notion that only He can be trusted.
What are the lies and denials?
Media became untrustworthy all on its own after 4 years of lies about Trump.
Johnny-sorry, I mean J..”cut taxes on the rich”. Who is lobbying to cut taxes just on the rich, besides no one?
Jill – sorry, I mean Jilt. Yes. Tax cuts of $12 dollars for workers, tax cuts of $120,000 for the rich. $12 million for the super-rich.
The American working class is buffeted by low pay, high local and state taxes, inflation, reduced benefits, natural disasters…
Jeff Bezos does not need a tax cut. Joe Lunchpail does. And even more help.
America is the richest nation ever. We should be embarrassed for how our poor are forced to live.
King Donnie of Versailles will not help the working class. Let the eat cake!
Poor J-each bracket, except the lowest one that doesn’t pay taxes anyway, all received about the same percentage cut. I know libs have a hard time at basic math, but a 2 percent cut of a larger number will be more than a 2 percent cut of a smaller number. Hence, when taxes are raised, the reverse. As said before, the US has one of the most progressive tax systems in the world. Top 1% pay between 40-45% (depending on the year) of the total fed. income tax bill. Bottom 50% pay 3% of the total bill.
You said the Republicans were for only “cutting taxes on the rich”. You’ve yet to show that to be true.
If you think Homeowners insurance is expensive now, wait ’til it’s free.
Ask working class Floridians what they think about insurance companies.
Insurance companies take your premiums with a smile, but find reasons not to pay out their obligations.
The ‘Reinsurance’ industry (they insure the primary insurers) is going great guns!! Stocks have increased 30-100%!
Floods, droughts, hurricanes, tornadoes, earthquakes, blizzards… if the private insurance costs too much – move! Genuine conservatives would say if you insist on living in a known dangerous place, that’s on you. Don’t expect other Americans to pay for your bad decisions.
Homes built on the beach get what they deserve.
Can not blame insurance companies for not covering those types.
Agreed!
F All Libs and these stupid comments
As an insurance adjuater for homeowners insurance i watch everyday people who demand their claims be paid in full despite their carrier not owing for the damage. I also watch as contractors double, or more, their prices because they know the carrier is paying. I watch carriers pay for SO MUCH because it’s easier than paying for a lawsuit that they will lose anyway because the court system is clueless about what carriers owe for and what policies cover. I watched as contractors destroyed and put out of business every small carrier in Florida due to AOBs, lawsuits and public adjusters. Contractors get filthy rich, and yet they whine to insureds that it’s the carrier who is screwing them over. Add to that the ignorance of the insured of what their policy covers, their fraud ( its massive, even “honest” people commuit fraud by padding their damages trying to get carriers to pay) and their entitlement that carriers should have to pay to replace their 150 year old roof and siding cuz they waited specifically for a storm so they wouldn’t have to pay for it. I watch all this and more for every claim that gets handed to me. I don’t feel sorry for anyone who pays outrageous premiums and deductibles. They helped caused the problem. Suck it up.
Valuable comment! The insureds can’t trust the contractors. The contractors can’t trust the insurance company, who trusts no one. The insurance companies are regulated at the state level but contractors and insureds are not. We rely on competition to regulate contractors.
Do area contractors collude to keep their compensations high following a disaster? We understand that in a large disaster there is competition for help which drives prices up. Here, after a major t-storm with ping-pong hail, roofing companies seem to be working on every fourth house in a subdivision.
In some hurricane prone areas it appears that some have near total losses every few years!
My daughter’s health insurance is $ 1600 a month with a $ 5000 deductible, thanks to Obamacare. I see TV ads showing deadbeats who pay $ 4.00 a month for full coverage. Thanks Obama. And John McCain.